Critics fear India will pay the price Latin American nations did, in case of a global slowdown; supporters say the Centre is poised to further reduce cost of capital
After the customary post-budget meeting with Finance Minister Nirmala Sitharaman, he said the system has sufficient liquidity and the Budget for 2019-20 has made provision for NBFC sector
Government banks were staring at a potential mark-to-market loss of 200 billion rupees ($3 billion) in the March quarter